Purdue Pharma is Exploring Bankruptcy

Purdue Pharma, the manufacturer of Oxycontin, is exploring the idea of bankruptcy to protect itself from over a thousand lawsuits filed across the country blaming them, in part, for the opioid addiction crisis that has claimed thousands of lives in states across the US. The manufacturer of Oxycontin, as well as the Sackler family that controls the majority of the company, say they are under duress due to the massive litigation they face by counties, cities, and states. They have been repeatedly accused of misleading doctors through marketing and sales pressures, without mentioning the risks of addiction or downplaying those risks entirely. The bankruptcy type that Purdue is considering is Chapter 11, which would stop the lawsuits from moving forward as Purdue settles the trials under the direction of a bankruptcy judge. Purdue hired law firm Davis Polk & Wardwell LLP for restructuring advice last August, making litigants nervous about the possibility of an insolvency claim to shut down the lawsuits. A thousand lawsuits have been consolidated through a…

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Opioid Manufacturers Spent 3 1/2 Times As Much Money on Drs in Canada

A 2016 report shows that pharmaceutical manufacturers spent 3 ½ times as much money pushing opioids to doctors in Canada. The 2016 report is the only one where numbers are currently available for more than one country. According to The Star, Purdue Canada, the company that manufactures Oxycontin gave just over $2 million to Canadian health-care professionals in 2016. In the report, the money is flagged as spending for doctors to provide consulting services and deliver speeches on medical topics. In America, it was found that the addresses that the doctors were supposed to have made were sometimes around a dinner table in a fancy restaurant, or in a hotel with a small audience of other doctors. Purdue Canada gave Canadian doctors a large amount of money. The Star investigation shows that every 1,000 residents, Purdue spent $58 on Canadian doctors compared to $17 in the U.S. The records do not indicate how many individual Canadian doctors were the recipients of such payments. Some of the payments may have…

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